Experience Stern | News & Events

Excerpt from CNBC -- "'It's not acting as a currency,' Damodaran said. 'The plumber has to say: "I accept dollars or Bitcoin." Would you be willing to put Bitcoin in your pocket and leave for a one-year trip knowing you're going to survive? We're no where near that comfort.'"

Excerpt from CBS -- "In law firms, Alter says, people with simple names tend to make partner faster. In politics, with the notable exception of former President Barack Obama, fewer syllables generally mean more votes. 'People vote more for people with simpler names,' he said. 'We've got some results showing that.'"

Excerpt from CNN -- "'It's important that this not start some sort of domino effect across the rest of Europe,' said Sundararajan. ‘It wouldn't surprise me if more cities start to push back heavily because they're trying to preserve their power.'"

Excerpt from Ticket News -- "...Professor Seamans points out that 'making resale more difficult for the public can net a negative effect because the market will always do better when search is more accessible'. No matter the prices, a search engine inquiry that returns only one website off of which a consumer can actually purchase what they’re looking for is not good business for the consumer, the venue, the artist or team and their promoter, or really anyone else involved. In short, he states that 'in general, consumers are better off when the secondary market is active'."

Excerpt from the Financial Times -- "'It’s the meltdown of a major American institution,' says NYU sociology professor Jonathan Haidt, who has co-founded a non-profit group, Heterodox Academy, to advocate for viewpoint diversity and free inquiry on US campuses. While Haidt is a centrist who has never voted for a Republican, he is disturbed by the culling of conservative voices on campuses."

Excerpt from the New York Daily News -- "Dozens of studies conducted and inspired by psychologists David Dunning and Justin Kruger show that poor performers are especially prone to delusions: They overestimate their talents, including logical reasoning, grammar, humor, debating, interviewing, management and emotional skills. The weaker their skills, including interpersonal skills, the more that people exaggerate them in their own minds."

Excerpt from AM New York -- "... Scott Galloway, an NYU professor of marketing who has written a forthcoming book on Amazon called 'THE FOUR: The Hidden DNA of Amazon, Apple, Facebook and Google,' both believe that Amazon already has its sight set on one — or a few — HQ2 sites. 'I think Amazon has already decided to be in New York, and they’re just going through the RFP process to produce a term sheet that New York feels compelled to match,' Galloway said."

Excerpt from The Economist -- "Robert Whitelaw, a professor at New York University’s Stern School of Business, says that the conflicting analyses reflect the broader results of more complex efforts aimed at tracking results from ('virtuous') companies that would qualify for these funds."

Excerpt from MEL -- "'These might sound trite, but phrases such as, "It wasn’t a good match," "It wasn’t the right fit," or, "We faced some challenges" can work,' North says."

Excerpt from NPR -- "When you have what is arguably the most successful company of the last decade weaponized to undermine our democracy, it rattles our cages and it should. ... We have foreign adversarial entities using a credit card and the Facebook platform to spread fake news and create chaos within our electoral process."

NYU Stern's Alumni department will host the next installment of the "Author Lecture Series" featuring Roger Martin, former dean of the University of Toronto's Rotman School of Management, and Malcolm Gladwell, author, journalist and speaker. 

On Tuesday, Sept. 19, the NYU Stern Center for Sustainable Business and the NYU Stern MBA Energy and Infrastructure Club will co-host a panel discussion entitled, “Powering the Future: Energy Transformation in the US”.

On Tuesday, Sept. 19, NYU Stern’s Leadership Development will welcome Tony Alvarez, Co-Founder and CEO of Alvarez & Marsal, for a talk entitled “Managing Chaos.”

Excerpt from Poets & Quants -- "When teaching Microeconomics to 300 Stern undergraduates, Bowmaker is known to takes the time to learn every single student’s name so that he can get everyone’s contributions during class. When researching economics, he’s not merely fascinated by the application of it, he’s equally passionate about the working lives of other professionals in the field. This is evidenced by two of his published books, The Heart of Teaching Economics: Lessons from Leading Minds and The Art and Practice of Economics Research: Lessons from Leading Minds, which feature one-to-one interviews with some of the top economists in Europe and in the United States."

Excerpt from Bloomberg -- "Hundreds of companies throughout history have filed for bankruptcy twice, according to New York University finance professor Edward Altman, who tracks repeat filers and helped coin the phrase 'Chapter 22' in 1993."

Excerpt from WalletHub -- "If someone is agnostic about where to travel -- say she simply wants to visit Italy, broadly defined -- I think a good piece of advice is to travel to "second" cities that are less crowded and more reasonably priced. For example, rather than visiting Rome or Florence, go to Parma or Bologna. If someone must see Rome or Florence, and has a tight budget, I would plan on traveling off-season, right before or after the core tourist season, and look for travel, lodging, and entertainment coupons and deals."

Excerpt from Fit Small Business -- "Cryptocurrency is treated as property for tax purposes. If you don’t convert it immediately to cash, you may have a capital gain or loss in the future when you eventually sell the currency. There is also the need to convert crypto into real currency for accounting and financial reporting purposes. For example, to report revenue, the crypto is required to be in your base currency, which is different from a company that has revenue in both dollars and euros but simply reports everything in dollars."

On September 18, 2017, the NYU Stern Center for Global Economy and Business hosted the inaugural David K. Backus Memorial Lecture featuring Professor and Nobel Laureate Thomas J. Sargent for a discussion entitled, “Risk Aversion or Mistaken Beliefs?”

Excerpt from The Daily Beast -- "David Yermack, the chair of New York University’s finance department who teaches courses on cryptocurrency, said buyers of any cryptocurrency should read the fine print to understand what they’re purchasing. 'You have to encourage people to do their homework on what they’re buying,' Yermack told The Daily Beast. 'You see people thinking they’re going to make a profit and flip this to someone more gullible next week. It’s what we in finance call the greater fool theory.'"

Excerpt from Xinhua -- "'We're awaiting the Trump administration's tax policy proposals, if what we hear is correct, we anticipate that they will propose to reduce the corporate tax down to about 20 or 25 percent,' Robert Salomon, associate professor at the Stern School of Business, New York University, told Xinhua in a recent interview. 'They will also attempt to reduce the individual income tax rates down to about the highest rate of 35 percent more or less,' he said."

Excerpt from Xinhua -- "'There are probably a number of big reasons for this,' [Eggers] explained. Pop-up stores have been attractive because of lower cost of renting real estate, lack of demand for other types of stores, and entrepreneurs who want to try out their concept and get a chance to see how the public reacts to it in different ways."

Excerpt from NBC News -- "'Modern economies depend on the provision of credit and the ability to quickly obtain household credit risk,' key efficiencies that the agencies provide. 'When there are public goods involved, the public sector should be involved to make sure there are protections for this data,' [Schoenholtz] said."

Excerpt from TheStreet.com -- "...NYU finance professor Aswath Damodaran suggests that unless Bitcoin becomes widely used to conduct transactions, it's just 'a lucrative, but dangerous, pricing game with no good ending.'"

Excerpt from the Associated Press -- "In a 2014 paper, two economists — Alexander Ljungqvist of New York University and Michael Smolyansky of the Federal Reserve — concluded that state corporate tax cuts did little to strengthen economic activity unless the cuts were made during a recession."

Excerpt from Fortune -- "Nordstrom Local, the latest of the upscale retailer’s initiatives as it experiments with new delivery formats, promises an in-store bar with wine, beer, coffee, and juices; eight fitting rooms; alterations; convenient merchandise pick-ups and returns; manicures; and expert image consulting advice from its knowledgeable personal stylists. Instead of a point of sale, the Local aspires to become a physical manifestation of the Nordstrom brand, creating indulgent customer experiences that can be completed with purchases through any of the retailer's other channels."